Hong Kong News
Latest Hong Kong News
Hong Kong legislator Wu Jiexhuang suggested the region should start adding Bitcoin to its national reserves as a way to boost financial security. According to the local newspaper Wen Wei Po, Wu said Hong Kong regulators should study the impact…
BTC
Bitcoin
The People’s Bank of China highlights Hong Kong’s active crypto licensing, as well as the prominence of cryptocurrency as an emerging trend in several countries in its recent Financial Stability report. In an excerpt from the Financial Stability Report 2024,…
Singapore’s stance on crypto licenses has outpaced Hong Kong, where regulatory hurdles have slowed the city’s progress. Singapore is signaling progress in becoming a global hub for the crypto business as the city-state granted 13 new crypto licenses in 2024,…
Bitcoin’s recent price surge has driven up mining equipment costs, with Shenzhen's Huaqiangbei district—a global hub for crypto hardware—seeing a notable 30% price hike.
BTC
Bitcoin
The Hong Kong Securities and Futures Commission has granted conditional licenses to four virtual asset trading platforms. The platforms — Accumulus GBA Technology, DFX Labs, Hong Kong Digital Asset EX, and Thousand Whales Technology — must meet specific regulatory conditions…
Crypto custodian firm Hex Trust officially launches HT Market MENA, enabling institutional investors to make crypto-fiat conversions through the firm’s licensed custody platform. In a press release received by crypto.news, the crypto custodian stated that the services provided by the…
Hong Kong presents a stablecoin bill to solidify its digital asset regulatory framework. At a legislative council meeting on Dec. 18, Christopher Hui, Hong Kong’s Secretary for Financial Services and the Treasury, presented a stablecoin bill in its second reading.…
The Hong Kong government declared to the OECD Global Forum that its regulators plan to implement a crypto asset reporting framework to combat cross-border tax evasion. Regulators plan to complete the necessary legislative amendments before 2026. In the Organization for…
OSL Digital Securities has expanded its OTC offerings with the addition of Toncoin, boosting investor access to The Open Network’s native token. Hong Kong‘s regulated crypto broker OSL Digital Securities has added Toncoin (TON) to its over-the-counter trading services, allowing…
TON
Toncoin
The Hong Kong Treasury Department does not consider crypto to be a ‘target asset’ for the nation’s Exchange Fund, even though it does invest a small portion of funds into crypto assets. According to local media outlet On CC, Hong…
Hong Kong is exploring ways to expedite updates to its crypto regulations in response to the fast-growing global sector. The fast growth of the crypto sector is pushing Hong Kong to reconsider its regulations, with talks focused on speeding up…
BTC
Bitcoin
Bybit CEO Ben Zhou said that mainland Chinese users can use a virtual private network to trade crypto on the platform, though it will not support yuan trading any time soon. According to a report by South China Morning Post,…
Monthly trading volume in November for three Hong Kong Bitcoin spot ETFs surged to $154 million in November, setting a new record-high on the Hong Kong Stock Exchange. According to data from the Hong Kong Stock Exchange, the total monthly…
BTC
Bitcoin
Tron creator Justin Sun has reportedly eaten the $6.2 million banana from Maurizio Cattelan’s “Comedian” sculpture. Sun previously bought the banana at a Sotheby’s auction. Streaming live on his X account, Tron(TRON) founder Justin Sun ate Cattelan’s banana at an…
TRX
TRON
The Hong Kong Monetary Authority has introduced a three-year digital bond grant scheme, offering incentives of up to HK$2.5 million to encourage tokenized bond issuances. In its latest bid to drive blockchain adoption, Hong Kong has introduced a new scheme…
Hong Kong-based ZA Bank has become the first digital neobank in the region to give retail customers access to crypto. ZA Bank, Hong Kong‘s largest digital bank, has introduced crypto trading for retail customers, allowing users to trade Bitcoin (BTC)…